Improvements to Ethical Corporate Evaluation Assignment

Improvements to Ethical Corporate Evaluation - Assignment Example I would also define the standards of procedures that are to be used in the corporate compliance program (Hasnas 54). They could range anywhere from the code of ethics to the internal controls for prime risk areas. A quicker response to problems that border the element of criminal conduct should be implemented as well as instituting limitations in order to prevent parallel occurrences. 2. Fraud: this is using individual influence to get away with the property of another individual. Fraudulent cases often involve the deception of clients into investing their money into places where it will not return. 3. Cheating: as per the term, this element involves an individual or company making false statements to the intended client in order to get them to invest their money in their businesses. Many fortune 500 company officials are in jail for cheating. 4. Violation of workers’ rights: this is an issue that has been noticed in a majority of companies. This happens when the employees in a company are treated unfairly in a manner that is not in accordance with the rules and regulations of the company. 5. Ignoring health, safety, and environmental issues: this is a major ethical issue that has to be addressed. These conditions could result in injury or causing sickness to one or more of the employees working in an area which has not had its health, safety, and environmental issues checked. 6. Labor conditions: some of the issues affecting labor conditions are the employment of child laborers. This is an ethical problem that goes beyond the humanitarian bracket. Use of child laborers id unethical and is punishable by law. 7. Corruption: this is an ethical concern that has been constantly addressed, but has failed to heed the call. Corruption involves the taking part in unlawful business dealings that often includes the aspect of bribery to facilitate the execution of a business deal.